Entity: AETERNITY-BLOCKCHAIN
Aeternity Blockchain is a cutting-edge platform that operates on a hybrid PoW/PoS consensus protocol, aiming to tackle scalability and security challenges while boosting decentralized applications.
Aeternity Blockchain
Etymology
The term 'Aeternity Blockchain' originates from the Latin word 'aeternitas,' meaning eternity, symbolizing the platform's focus on longevity and sustainability.
Definition
Aeternity Blockchain is a blockchain network that operates on a hybrid PoW/PoS consensus protocol, combining the benefits of both mechanisms to enhance efficiency, governance, and scalability.
Historical Context
Aeternity Blockchain was launched in 2017 by Yanislav Malahov, aiming to address the limitations of existing blockchain platforms and provide a solution for smart contracts and decentralized applications.
Cultural Significance
Aeternity Blockchain is renowned for its focus on speed, security, and scalability, making it easier to develop and utilize smart contracts and decentralized applications.
Related Concepts
Aeternity Blockchain allows smart contracts and dapp development to be hosted outside of the main network, offering a unique approach to decentralized application deployment.
See Also
Aeternity Blockchain is a blockchain network that combines Proof of Work and Proof of Stake mechanisms, designed to provide efficiency, transparent governance, and solutions to scalability issues.